IIPRInnovative Industrial Properties, Inc.

$2B

Q2 2018 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$3M+157.1% YoY

Gross Profit

$3M97.9% margin

Operating Income

$1M37.3% margin

Net Income

$1M35.2% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+19.9%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$363,000

Balance Sheet

Total Assets

$162M

Total Liabilities

$10M

Stockholders' Equity

$152M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$1M	+157.1%
Gross Profit	$3M	$1M	+151.8%
Operating Income	$1M	-$465,000	+365.8%
Net Income	$1M	-$422,000	+376.5%

IIPR Q2 2018 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena